13a-b Competition, Goods & Services

What type of economy is the US economy?

• mixed

• free

• command

• traditional

Mixed means there is a combination of __ and ___.

• gov't involvement; command

• free market; traditional

• gov't involvement; free market

• bartering; free market

The govt encourages competition and free markets through all the following EXCEPT:

• tax breaks for start up companies

• breaking up monopolies

• encouraging trade with other nations

• imposing too many regulations on business

Placing ratings on TV shows that might use foul language and inappropriate content is the job of which gov't agency?

• EPA

• FCC

• FDA

• SEC

Which gov't agency regulates the stock market - making sure stocks you may buy are legit and not frauds.

• OSHA

• SEC

• FTC

• FCC

The Federal Trade Commissions big job is enforcing anti-trust laws. A trust in this context is another name for:

• family banks

• monopolies

• cartels

• conglomerations

The Federal Trade Commission also protects consumers from deceptive____.

• advertising

• TV commercials

• mail offers

• all of the above

All of the following are gov't organizations EXCEPT

• the National Rifle Association

• the Post Office

• Amtrak

• interstate highways

The oldest and biggest of the gov'ts 15 agencies is the Dept of ___:

• Energy

• Homeland Security

• State

• Defense

Govt gets its money from all of the following EXCEPT:

• income taxes

• national park fees

• fines for breaking the law

• profit from private businesses